Tuesday, December 11, 2012

Moore now hold 3.28% of Monitise's voting rights (or equivalent). At first sight, we thought that Moore had bought their holding via the recent placing held on December 3rd. However, closer inspection of the notification of holdings document shows that their stake is held completely via contracts for difference (explanation of CFDs here).

Per Google Finance, Monitise is "a United Kingdom-based holding company. The principal activity of the Company is as a technology company delivering mobile banking, payments and commerce networks worldwide. The Company’s segments include Live Operations, Investment in future operations and Investment in technology platform. Live operations include both territory deployments and development contracts, which consist of Monitise United Kingdom, Monitise Americas and Global accounts. Investment in future operations segment represents the Company’s operations which are not live operations covering both pre-sales and start-up period. Investment in technology platform segment comprises the ongoing development, enhancement and maintenance costs of the Monitise technology platform."

Moore's Other UK Positions

Moore Capital Management's other disclosed holdings in UK markets which are greater than 3% of voting rights are as follows:

Moore now hold 3.28% of Monitise's voting rights (or equivalent). At first sight, we thought that Moore had bought their holding via the recent placing held on December 3rd. However, closer inspection of the notification of holdings document shows that their stake is held completely via contracts for difference (explanation of CFDs here).

Per Google Finance, Monitise is "a United Kingdom-based holding company. The principal activity of the Company is as a technology company delivering mobile banking, payments and commerce networks worldwide. The Company’s segments include Live Operations, Investment in future operations and Investment in technology platform. Live operations include both territory deployments and development contracts, which consist of Monitise United Kingdom, Monitise Americas and Global accounts. Investment in future operations segment represents the Company’s operations which are not live operations covering both pre-sales and start-up period. Investment in technology platform segment comprises the ongoing development, enhancement and maintenance costs of the Monitise technology platform."

Moore's Other UK Positions

Moore Capital Management's other disclosed holdings in UK markets which are greater than 3% of voting rights are as follows:

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